Ontario · Receivership (court-appointed)
First Report of the Receiver .pdf
Court officer report · 18 March 2019
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- process resultsndas: 11 · note: 11 parties executed non-disclosure agreements; only Gauthier expressed serious and immediate interest
- purchaserCrown Pipeline Ltd.
- recovery outcomeentries: basis: estimated · quote: As a result, any funds required to continue the operations of Crown to support a sale process would be funded by DIG's senior secured lender, Royal Bank of Canada (the ' Bank '), who is expected to suffer a significant shortfall on its indebtedness. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Royal Bank of Canada · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: unstated · stated on: 2019-03-18 · table missing:
- sale advisorMaynards Industries Canada Appraisals Ltd.
- sale outcometext: Receiver recommends the Court approve the Transaction and issue the requested Approval and Vesting Order · scope: parcel · status: pending_approval